Slide 1: Analyst Presentation Q2 FY 2012 Result Update
Vascon Engineers Limited Analyst Presentation Q2 FY 2012 Result Update November, 2011
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: Consolidated Profitability Statement
Consolidated Profitability Statement Rs. mn Q2 FY12 Q2 FY 11 H1 FY 12 H1 FY 11 FY 2011 Revenue 1,822 2,071 3,630 4,122 10,230 Other Income 42 183 96 195 298 Total Income 1,864 2,254 3,726 4,317 10,528 Raw Material 1,275 1,651 2,622 3,230 8,126 Employee Cost 188 160 367 283 623 Other Expenses 136 141
Slide 4: Segment-wise Financial Highlights: H1 FY 2012
Segment-wise Financial Highlights: H1 FY 2012 Rs. mn EPC Real Estate Hospitality GMP Others Consolidated Revenue 2,310 610 36 644 30 3,630 Cost Of Sales 1,897 297 11 416 - 2,621 Gross Profit 413 313 25 228 29 1,009 Gross Profit % 17.9% 51.3% 69.4% 35.5% 27.8% 2,310 18% 51% 69% 35% 610 645 413 36 313
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. mn 30-Sep-11 31-Mar-11 Net Worth 7,232 7,175 Total Debt 3,700 3,704 Minority Interest 86 77 Deferred Tax Liabilities 3 2 Total Liabilities 11,022 10,957 Net Assets 2,290 2,253 Investment 861 1,016 Deferred Tax Asset 9 20 Current Assets Inventory 3,485 2,911 Receivables
Slide 6: EPC Order Backlog movement
EPC Order Backlog movement EPC Order additions in H1FY12 – Rs 15,206 mn Contract Value Contract Value Project name Location Type Project name Location Type (Rs. mn) (Rs. mn) Renisance Industrial Park Mumbai Industrial 11,000 Tivoli Nagpur Residential 228 Parthenon Phase II Mumbai Residential 1,860 M
Slide 7: Largest third party EPC Contract
Largest third party EPC Contract Renaissance Warehouse & Industrial Park – Bhiwandi First Private Sector “MIDC equivalent” Industrial Park in MMR region • 352 acres of Integrated Warehousing and Industrial Complex • 16 million sq. ft to be developed in 5 years EPC Contract - Rs 1100 Crores • EPC
Slide 8: Real Estate Business Update
Real Estate Business Update Project Details till September 30, 2011 Project Rev. Project Name Location Vascon Share Area Sold Sale Value Collection Area Recognised Equity Revenue msft msft Rs. mn Rs. mn Rs. mn Willows Phase I Pune 100% 56% 0.22 0.19 805 762 609 Willows Phase II Pune 100% 56% 0.16 0.
Slide 9: Real Estate: Planned Launches in FY12
Real Estate: Planned Launches in FY12 Development Project Name Location Project Area Time-Line msft Years Chennai Project Chennai 1.57 3.0 Neelambur Project Coimabatore 0.80 3.0 Panache Heights Hyderabad 0.58 3.5 Nature Spring Pune 0.24 2.5 Vista Phase III Nashik 0.10 2.5 Ela Pune 0.09 2.0 Total 3.3
Slide 10: Real Estate: Visible Cashflow
Real Estate: Visible Cashflow Projects Under Unsold Inventory of Construction Completed Projects* Total Area Sqft 2,309,181 - Area sold till 30th Sep-11 Sqft 1,540,200 - Sales Value of Area Sold Rs. Mn. 6,257 - Amount Collected till 30 September, 2011 Rs. Mn. 2,403 - Area unsold till 30th Sep-11 Sqf
Slide 11: Strategic Investment in Hospitality Business
Strategic Investment in Hospitality Business Coimbatore Hotel Galaxy Resorts Golden Suits Hyatt Holiday Inn Hotel Location Goa Pune Pune Pune Coimbatore Holding 43.83% 50% 26% 28.70% 70% Category 3 Star 3 Star 5 Star 5 Star 4 Star No. of Keys 65 71 306 187 129 Total Area (Sft) 70,000 55,000 4,50,000
Slide 12: Annexure
Annexure
Slide 13: Key Third Party EPC Contracts
Key Third Party EPC Contracts Nos. Client Location Contract Value Order Backlog Rs. mn. Rs. mn. 1 Reniassance Industrial Park Mumbai 11,000 11,000 2 Parthenon Phase II -Ecstasy Realty Mumbai 1,860 1,705 3 NBCC Mumbai Mumbai 1,312 1,312 4 Park-Amstoria-Phase -I - BPTP Gurgaon 1,297 1,192 5 TN Assembl
Slide 14: Residential Real Estate Portfolio
Residential Real Estate Portfolio Developable Area Development No. Project Location Vascon Share Project Area Estd. Price (msf) Time-Line* Equity Revenue Acres Project Vascon Rs. / sft Years 1 Symphony Thane 44.4% 100% 145.12 18.96 8.43 4,500 7 2 Chennai Project Oragadam 100% 76% 105 11.67 8.87 3,50
Slide 15: Commercial Real Estate Portfolio
Commercial Real Estate Portfolio Project Developable Area Estd. Development No. Project Location Vascon Share Area (msf) Price Time-Line* Equity Revenue Acres Project Vascon Rs. / sft Years 1 Vascon City Gold Ahmedabad 65% 67% 25.98 2.65 1.15 3,500 4 2 Caladium Pune 100% 57% 95 2.93 1.67 4,000 4 3 G
Slide 16: For further information, please contact:
For further information, please contact: Company : Vascon Engineers Ltd. Mr. M Krishnamurthi , Chief Corporate Affairs mk_murthi@vascon.com Mr. Vivek Sakharkar, Manager Investor Relations viveksakharkar@vascon.com www.vascon.com 16